Residential Income Property with
For Sale
$3,000,000
1402 Leavenworth Street, Omaha, NE 68102
Large 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop and multiple gathering spaces for up to 21 guests.
Property Size12,379 SF
Price / SF$242.35
Days on Market120
Property Features for 1402 Leavenworth Street
General Information
Standard status
Active
Size
12,379 SF
Property subtype
Industrial
Building Details
Year Built
1938
Listed By:
Ryan Kuehl, CCIM, SIOR
(402) 778-7545
Source:
Investorsomaha
Added: Jun 25
Changed: Oct 13
Last Checked: Oct 20 at 7:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ryan Kuehl, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This residential income property offers an expansive 4,300 sq. ft. layout with a 6,000 sq. ft. rooftop. The configuration includes 7 bedrooms and 4 bathrooms, along with two full kitchens and open living areas designed for group use.
On-site entertainment features include a speakeasy-style bar, an arcade room with a 100" TV wall and more than 17,000 games, and a private multi-level theater. The home is described as accommodating up to 21 guests.
Located in Omaha, Nebraska at 1402 Leavenworth Street, the property is positioned for investors seeking flexibility through a short-term rental-style setup while retaining strong residential-use fundamentals.
On-site entertainment features include a speakeasy-style bar, an arcade room with a 100" TV wall and more than 17,000 games, and a private multi-level theater. The home is described as accommodating up to 21 guests.
Located in Omaha, Nebraska at 1402 Leavenworth Street, the property is positioned for investors seeking flexibility through a short-term rental-style setup while retaining strong residential-use fundamentals.
Key Highlights
- Built in 1938
- 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop
- Rooftop features include a private rooftop oasis, described as the largest private rooftop downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,757
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,995,140
$2.0M
Cap Rate 7%
$1,425,100
$1.4M
Cap Rate 9%
$1,108,411
$1.1M
Market Conditions
NOI Build-Up for 12,379 SF
Gross rent
$196.1K $15.84/SF
− Vacancy
−$14.7K −$1.19/SF
EGI
$181.4K $14.65/SF
− OpEx
−$81.6K −$6.59/SF
NOI
$99.8K $8.06/SF
Area
Omaha, NE
Vacancy
7.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,995,140
Cap Rate 7%
$1,425,100
Cap Rate 9%
$1,108,411
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,757 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $227,980 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,986
Businesses Nearby
Explore this area
Business Placement
Demographics for 68102, NE
9,130
Population
5,922
Households
1.5
Avg Household Size
33
Median Age
51%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
5,072
Density / Sq Mi
$60,525
Median Household Income
$46,309
Median Earnings
$1,242
Median Rent
$350,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - Large 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop and multiple gathering spaces for up to 21 guests.
Where is this short term rental property located?
The property is located at 1402 Leavenworth Street Omaha, NE.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Built in 1938; 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop; Rooftop features include a private rooftop oasis, described as the largest private rooftop downtown
